PolyOne.PolyOne, Cleveland, OH, will close its elastomer elastomer (ĭlăs`təmər), substance having to some extent the elastic properties of natural rubber. The term is sometimes used technically to distinguish synthetic rubbers and rubberlike plastics from natural rubber. compounding plant in Kingstree, SC by the end of third-quarter 2001. The Kingstree facility, one of 12 plants within PolyOne's elastomers and performance additives business segment, employs approximately 110 people, with another 35 on temporary layoff Layoff 1. When a company eliminates jobs regardless of how good the employees' performance. 2. A risk reduction, made by investment bankers, that minimizes the potential downside associated with a commitment to purchase and sell a stock issue unsubscribed by stockholders holding . The Kingstree plant, originally designed for the roofing and tire industries, is not well suited to today's fast-turnaround, lean manufacturing Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product. environment, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. PolyOne. |
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